Real Estate Donation: A Guide for Donors and Recipients

Donating real estate is an important decision that requires attention to a number of legal details. That's why I offer comprehensive services to facilitate this process.

Why donate real estate?

Donating real estate can be motivated by a number of reasons, from transferring property to the younger generation to tax considerations. The key is to ensure that all legal aspects are properly addressed.

What services do I offer?

• Client consultation: we will discuss which individual solution is most suitable for you

• Drafting a donation agreement: I will ensure that the donation agreement is carefully prepared and contains everything necessary

• Application for entry in the Land Registry: I will prepare an application for entry in the land registry (associated with a fee of 2,000 CZK)

• Signature verification by lawyer: the service also includes signature verification, which is necessary for submitting the application to the registry

• Resolution of other property rights: life estate, right of way and path, building right, easements, etc.

Land division and consolidation

I also provide services related to land division and consolidation according to a geometric plan, including communication with the relevant building authority.

Tax aspects of real estate donation

Donating real estate can have tax implications, especially if the recipient is not a close person (a relative in direct or collateral line, or a partner living in a common household for at least one year). In such a case, the value of the real estate must be included in the tax return. This includes preparing a market price estimate and possible taxation as other income. In the case of acquiring real estate worth more than 5 million CZK, it is always necessary to inform the tax office, regardless of the obligation to pay income tax.

Price

Complete legal advice including document drafting is offered from 3,000 CZK.